Authority: High Court of Judicature at Madras
Order Date: 15-07-2026
Case Overview
- Petition filed by the auction purchaser seeking to be impleaded as a third respondent in CMP No.13963 of 2026 (revision of CRP No.2990 of 2026) involving M/s. Hotel Karthik Internationals (appellant) versus City Union Bank Limited and two other respondents.
- Counsel for the revision petitioner and the decree holders raised no serious objection to impleading the auction purchaser.
- Counsel for the decree holders, specifically Mr. Arun Anbumani, highlighted that the earlier stay order dated 11.06.2026 stayed only the order passed in I.A.No.10 of 2026, not the decree itself, seeking clarification.
Final Outcome
- The Court clarified that the interim stay is limited to the order I.A.No.10 of 2026 in COS No.9 of 2022 dated 16.03.2026 and does not affect the decree.
- CMP No.13963 of 2026 is allowed; the registry is directed to amend the records to implead the auction purchaser as a third respondent.
- The interim stay on proceedings in I.A.No.10 of 2026 shall continue until 29.07.2026.
- Further orders are scheduled for 29.07.2026.
Topics: Legal Proceedings, Banking Dispute